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we don't see any negativity coming out next weekend with the fiscal cliff business. if we don't do the parties say we are off the table right now, say a small rally going into the weekend. david: that is good news, thank you very much, appreciate it. liz: today president obama and house speaker john boehner spoke out about the troubles facing the nation. saying they need to work together. david: they always say that but when push comes to shove, will we see compromise on the critical issues? rich edson from the white house with details. is it going to happen? >> it is a little too early to tell, but look, the democrats campaign in raising taxes on those earning more than $250,000 per year and the voters he said have spoken. the white house later said the president would veto any bill that doesn't raise taxes on the wealthier taxpayers. he is willing to talk. >> i'm open to compromise. i'm open to new ideas. i'm committed to solving the fiscal challenge. but i refuse to accept any approach that isn't balanced. speak of the president said he invited readers to come ove
we don't see any negativity coming out next weekend with the fiscal cliff business. if we don't do the parties say we are off the table right now, say a small rally going into the weekend. david: that is good news, thank you very much, appreciate it. liz: today president obama and house speaker john boehner spoke out about the troubles facing the nation. saying they need to work together. david: they always say that but when push comes to shove, will we see compromise on the critical issues?...
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Nov 14, 2012
11/12
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MSNBC
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. >> let's talk for a moment first about the fiscal cliff. the business leaders who came in following, of course, the labor leaders and others who came in yesterday to talk about the bargaining and the terms of reference, what did he hear from the business community about what bargains points he should be making and how important it is or isn't to avoid the fiscal cliff? >> the business community wants certainty. that's what they care more about anything else. they want certainty. the question is going to be how much of an ally can they be to the president. he has a specific goal he has in mind. decoupling the bush tax rates if you will, for the wealthy, 250 for couples and above and everybody else. it's a bill that's already passed the senate. the president wants to get that enacted into law and then have the discussion about tax reform. and i -- the question is going to be, does he try to get the business community's support on that front and say look, i can get you certainty for a year as we do the larger conversation on corporate and pers
. >> let's talk for a moment first about the fiscal cliff. the business leaders who came in following, of course, the labor leaders and others who came in yesterday to talk about the bargaining and the terms of reference, what did he hear from the business community about what bargains points he should be making and how important it is or isn't to avoid the fiscal cliff? >> the business community wants certainty. that's what they care more about anything else. they want certainty....
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Dec 23, 2012
12/12
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CNNW
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on the way to avert the fiscal cliff, chow quinlan has put plans to expand her business on hold. she's worried because going over the clip will cost middle class families an estimated $2,000 a year. money people won't have to spend here. >> it's always challenging when you're in a recreational type of environment. because that's sometimes the first thing that people consider you know when they're evaluating their finances and what am i going to spend my money on. >> the fear that i have is that we're going to lose some customers, we're going to lose our shoppers and we've been here for ten years. >> for clothing store owner lindsay boucher. it's been a rough few years since the recession. now she says she's terrified we're on the verge of tumbling back in. >> i think the effects of them not coming up with a plan is going to be devastating and i see a huge, a bigger recession. >> the prospect of higher taxes next year means boucher is cutting back now. trimming staff for january and february, only buying clothing she's sure will sell. her goal, just to keep her business afloat. >>
on the way to avert the fiscal cliff, chow quinlan has put plans to expand her business on hold. she's worried because going over the clip will cost middle class families an estimated $2,000 a year. money people won't have to spend here. >> it's always challenging when you're in a recreational type of environment. because that's sometimes the first thing that people consider you know when they're evaluating their finances and what am i going to spend my money on. >> the fear that i...
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114
Aug 15, 2012
08/12
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FOXNEWS
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the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts our customers. to give you context, our motto is we deliver power. we make wire and cable products that move power and inside every kind of building you can imagine, homes, many of your viewers probably have our wire mind their walls and commercial installations and retail space and apartment building and it is like. and factories, et cetera. so we have quite a window into the conduction markets around the united states. i can tell that you our customers are very, very concerned about this fiscal cliff and believe it can cause them great damage on their businesses. >> greta: is it the uncertainty of what is goi
the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts...
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Dec 9, 2012
12/12
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WBAL
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he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of the domestic issues, he will have a bigger role to play on the world stage and brought into that with events whether it be syria, iran. >> leadership just changed in china for the first time in 10 years, the most important economic relationship we have in the world and he's got to make headway there to make sure they stay on their reform path so they continue to grow and the world economy will be stronger. >> i agree, it's unanimous, the big foreign policy challenges are com
he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his...
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Oct 2, 2012
10/12
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>> the fiscal cliff is incredibly important to that overall. so they don't think we'll go over the fiscal cliff. how they fix it is critical. already so many business leaders and big ceos who have been saying it's okay that you all think we're not going to go over the fiscal cliff, but we're holding off on hiring new people, building new plants, spending more money on r & d until we can see -- >> that's damage. >> every day that it's a big discussion it's damage. and what senators and congress members need to be very careful of is punting this into next year. because all that uncertainty is something that will be business growth over america. >> i'm going to suggest they all have a session and actually come to some kind of measure where they can avoid this catastrophe. >> well, the mome should have been last year for the debt ceiling negotiations and instead it was all out war from republicans and democrats. in terms of the payroll tax, you're right, even if they fix the fiscal cliff, very few expect the payroll tax holiday which was meant to b
>> the fiscal cliff is incredibly important to that overall. so they don't think we'll go over the fiscal cliff. how they fix it is critical. already so many business leaders and big ceos who have been saying it's okay that you all think we're not going to go over the fiscal cliff, but we're holding off on hiring new people, building new plants, spending more money on r & d until we can see -- >> that's damage. >> every day that it's a big discussion it's damage. and what...
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Dec 30, 2012
12/12
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CNNW
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it is our last, best, and only hope for stopping this fiscal cliff business. we are going to speak to a republican lawmaker in a moment, and marcia blackburn and in the meantime, you are watching the speciacoverage here on cnn and don lemon and me and our colleagues in washington. we will be right back. s with adding a friend, ♪ ♪ could end with adding a close friend. ♪ the lexus december to remember sales event is on. offering some of our best values of the year. this is the pursuit of perfection. >>> as republicans and democrats are at an impasse, both sides are blaming each other, and the markets will open up by the way in asia in the next couple of hours and you might start to see a reaction, but although, i don't know what they have to react to, but our own markets will open in 14 hours from now here in the united states. maybe they will react to something, too, but my point is that congress could ruin a good economy. for perspective, we will talk to a republican from tennessee, representative marcia blackburn. thank you for being with us. >> good t
it is our last, best, and only hope for stopping this fiscal cliff business. we are going to speak to a republican lawmaker in a moment, and marcia blackburn and in the meantime, you are watching the speciacoverage here on cnn and don lemon and me and our colleagues in washington. we will be right back. s with adding a friend, ♪ ♪ could end with adding a close friend. ♪ the lexus december to remember sales event is on. offering some of our best values of the year. this is the pursuit of...
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Dec 6, 2012
12/12
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FOXNEWSW
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we go over the fiscal cliff small business owners could see the tax rates rise to over 50 percent. >> it is eye popping isn't it. pray congress makes a deal to avoid going over the fiscal cliff. high income workers there will get more than 50 percent. it targets income brackets. state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot of jobs data. storm event coming in when i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report that's the big one economists look at. we expect 93,000 nonfarm jobs have been created last month. the numbers are weak and they suggest it's not just a storm but it is worried about the fiscal cliff holding businesses back from hiring. >> business owners and other people on e-mail which is most of us. when you are reading the e-mail
we go over the fiscal cliff small business owners could see the tax rates rise to over 50 percent. >> it is eye popping isn't it. pray congress makes a deal to avoid going over the fiscal cliff. high income workers there will get more than 50 percent. it targets income brackets. state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot...
360
360
Jul 15, 2012
07/12
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WMAR
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cliff that we're facing at the end of the year, those are the core issues that are going to drive voters in november. >> top republicans take your point, they say that governor romney has do a much better job of laying out an agenda for the future? our abc news/washington post poll shows that that can help him now. does governor romney need to put out more aggressive, bold, visionary agenda da? >> i think governor romney has a bold agenda moving forward that he's going reduce our debt, get our fiscal health in order. he has a tax reform plan, it's very different from the president's. not increasing taxes on small businesses. he as an agenda moving forward. it's very important. he has the experience to get americans working again. this president isn't focusing, he's focusing on these small things because he doesn't want to focus on the economy which is where we need leadership now in our country. >> finally, you have been mentioned as a possible vice presidential candidate. would kond leez sa rice be good? >> yes. >>> coming up, our powerhouse roundtable takes on the toughest week yet. >>
cliff that we're facing at the end of the year, those are the core issues that are going to drive voters in november. >> top republicans take your point, they say that governor romney has do a much better job of laying out an agenda for the future? our abc news/washington post poll shows that that can help him now. does governor romney need to put out more aggressive, bold, visionary agenda da? >> i think governor romney has a bold agenda moving forward that he's going reduce our...
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Jun 27, 2012
06/12
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CNBC
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cliff we're talking about. you don't think that will happen though? >> i think the best thing we can do is a growing economy and more importantly to families and businesses, but that's not giving us the long term growth and reform that we need going forward. it would solve the problem for a year or so, but not the long-term problems we have been ignoring for far too long. >> i hate when both sides of the aisle say we have to simplify the tax code, and nobody seems to be able to get it done. >> we put in our budget with a 25% corporate and individual rate. that did receive a bipartisan vote, did pass the house of representatives, so we have a mark tler in the direction we want to go, and we need to make sure that we continue to push forward to get there. >> i hate to harp on the timing of the fiscal cliff fix, but this is what is concerning a lot of investors, workers, and so forth, a white house economist betting this doesn't happen until after the election, what do you think? >> i think that is probably accura
cliff we're talking about. you don't think that will happen though? >> i think the best thing we can do is a growing economy and more importantly to families and businesses, but that's not giving us the long term growth and reform that we need going forward. it would solve the problem for a year or so, but not the long-term problems we have been ignoring for far too long. >> i hate when both sides of the aisle say we have to simplify the tax code, and nobody seems to be able to get...
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Nov 27, 2012
11/12
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KPIX
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. >>> president obama is making a public case this week for his approach to avert the "fiscal cliff." he is meeting today and tomorrow with small business owners and middle class families and he will visit a small business in pennsylvania on friday. negotiations with republicans continue behind closed doors. a democratic senator says his side is willing to discuss reform of medicare and medicaid. >> the math just doesn't work anymore. not because the programs are bad but because thank goodness we're living longer. >> republicans are signalling they're open to compromise but so far, they still oppose the president's idea to raise taxes on the wealthy. instead, republican leaders want to limit tax deductions and loopholes without an agreement. across-the-board tax hikes will take effect on january 1 without an agreement. here's a breakdown of what would happen. for households earning 20 to $40,000, the tax increase would be $1,200. for householder, 40 to $64,000, the tax hike would be $2,000. and with those incomes of $64,000 up to 6 figures, it would be a $3,500 tax increase. >>> it's
. >>> president obama is making a public case this week for his approach to avert the "fiscal cliff." he is meeting today and tomorrow with small business owners and middle class families and he will visit a small business in pennsylvania on friday. negotiations with republicans continue behind closed doors. a democratic senator says his side is willing to discuss reform of medicare and medicaid. >> the math just doesn't work anymore. not because the programs are bad...
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Sep 12, 2012
09/12
by
FOXNEWS
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they think they can come back in december and make some kind of deal and save us from a fiscal cliff. i know from become in business they are deciding whether they are going to hire people next year whether they are going to expand. a lot of the damage is going to be done in december if we go home without fixing some of these things. i will continue to advocate not just found p funding for government but they extended the tax rates for years. harry reid is sitting on that. we are not taking it up. republicans want to refund our mill tear reap and put back that money that is going to come out in january. the president wants to trade the tax increase for that. >> to be fair you both agreed to those rules. speaker boehner said if you couldn't get to a budget agreement this would be a fall back. i am wondering about colleagues in a house who are going to sign on something that would technically increase the money. a lot of conservative colleagues are furious because they are a part of that. what do you make of that? >> before we went home in august a number of us conservatives were trying
they think they can come back in december and make some kind of deal and save us from a fiscal cliff. i know from become in business they are deciding whether they are going to hire people next year whether they are going to expand. a lot of the damage is going to be done in december if we go home without fixing some of these things. i will continue to advocate not just found p funding for government but they extended the tax rates for years. harry reid is sitting on that. we are not taking it...
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Oct 6, 2012
10/12
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CSPAN
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if we go entirely off the fiscal cliff, many more americans will be affected. there's a growing list of tax cuts mostly for businesses and some for individuals. they aren't known as the extenders. i jokingly refer to them as the expiry. ers. there are several dozen of those. there is the estate tax. originally was part of 2001-2003 but in 2010, there was a revised version of what it looks like. that expires at the end of the year. in 2009, president obama took office and the stimulus act included new credits focused on low income families and families who have kids in college. those are extended in 2010 and expire at the end of the year. there is temporary cuts in social security payroll tax that was done in the stimulus. in addition to those expiring tax provisions, another thing we have the start of next year are the start of tax increases included in the health reform act of 2010. there is a very diverse our rate of tax positions that are under discussion. that is important for understanding the effects of american households. different households are affect
if we go entirely off the fiscal cliff, many more americans will be affected. there's a growing list of tax cuts mostly for businesses and some for individuals. they aren't known as the extenders. i jokingly refer to them as the expiry. ers. there are several dozen of those. there is the estate tax. originally was part of 2001-2003 but in 2010, there was a revised version of what it looks like. that expires at the end of the year. in 2009, president obama took office and the stimulus act...
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Dec 2, 2012
12/12
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FOXNEWSW
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the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any final deal. wall street journal columnist and dan henninger, and mary an anna-- anastasia o'grady and kim strassel. you've been talking it it sources and is the mood as hour as it sounds. >> it is by the end of this week and here is why, the republicans came out right after the election and said to the president, you want revenue here. you want revenue on the wealthy, we'll give it to you, limiting tax deductions for the wealthy. the president instead of taking that and running with tceiling a deal has been campaigning for tax hikes and to cap it off sent treasury secretary tim geithner to congress wit
the fiscal cliff is a serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> welcome tt colonel, editorial report, i'm paul gigot, not a meeting of the minds between president obama and house speaker john boehner where talks to end the fiscal showdown ends. the president for his park took his place for the public and called for america and little cuts to entitlement spending something the speaker says must be part of any...
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Nov 26, 2012
11/12
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FOXNEWSW
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but keep in mind, the wall street and main street had a strong start to the season, the fiscal cliff is closer as christmas draws near and buyers and businesses may get more worried holding on to their wallets in the shadow of that cliff, harris, back to you. >> brenda, thank you. brand new video after pretty nasty mall brawl from black friday. this was the scene shortly after midnight as shopping mall here sacramento, california, you've got to be kidding me. fists flying, here is why. apparently it was over women's underwear and an employee at the victoria's secret where the fighting began says it's the worse they've seen. >> and for like six years now and i've never seen a black friday in bad and some people got trampled out and on top of the bars and they had to come off the table. >> that must have been one heck of a sale. the store was cleared out and the man kept rolling despite the black eyes that were given on black friday and he says it doesn't surprise him. >> the wrong place at the right time. >> does your opinion of black friday change after all of this. >> not so much. i
but keep in mind, the wall street and main street had a strong start to the season, the fiscal cliff is closer as christmas draws near and buyers and businesses may get more worried holding on to their wallets in the shadow of that cliff, harris, back to you. >> brenda, thank you. brand new video after pretty nasty mall brawl from black friday. this was the scene shortly after midnight as shopping mall here sacramento, california, you've got to be kidding me. fists flying, here is why....
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Nov 15, 2012
11/12
by
MSNBC
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people who don't want fiscal cliffs, they want fiscal recovery. so we shouldn't be judged by what age you have to be in the leadership. it should be judged by what you've done for the country an the caucus. we have an incredible, extraordinary class of new democrats who have a new fresh energy and are willing to compromise with republicans to move the country forward. >> they were sent there by their constituents. is it not enough that they are eligible to be leaders in their own life? you have to wait your turn. >> look, everybody elected to congress on boeth sides of the aisle are elected by their own right. we are very proud we just elected a class of 49 new democrats, all of whom are eligible for leadership at a certain point. if this caucus didn't believe in the leadership it has, it would have chosen other leaders. she would stay as leaders and say i'll stay if you stay, that is automatic renewal of a contract as i have ever seen. but when that happened, our caucus erupted in cheers that she made the decision to stay. >> congressman steve is
people who don't want fiscal cliffs, they want fiscal recovery. so we shouldn't be judged by what age you have to be in the leadership. it should be judged by what you've done for the country an the caucus. we have an incredible, extraordinary class of new democrats who have a new fresh energy and are willing to compromise with republicans to move the country forward. >> they were sent there by their constituents. is it not enough that they are eligible to be leaders in their own life?...
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Nov 27, 2012
11/12
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MSNBCW
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the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the
the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being...
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Aug 16, 2012
08/12
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CNBC
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eye 164
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that's how many days america has before falling off the fiscal cliff. but there just might be some hope. a force to be reckoned with on capitol hill. now, here's what the newly minted running mate said today on a campaign stop in las vegas. >> the president has given us deficits every time. more borrowing, spending, more taxing, more regulating and if he's re-elected, it will be more of the same. we are not going to let that happen. >> the question is, is the romney-ryan ticket the key to writing the fiscal ship? if they do when i know the white house, how fast can they get the job done? we bring in two veterans of the house, dick gephart and dennis hoster, republican from illinois. both of you honor me. thank you very much. you heard paul ryan blame the democrats, really more in the senate. they have had plenty of votes in the house. can that log jam be broken if they take the white house? >> well, it can be broken, no matter who win it is white house. if the next president, whether it's obama or romney, really leads on this and works with the congress
that's how many days america has before falling off the fiscal cliff. but there just might be some hope. a force to be reckoned with on capitol hill. now, here's what the newly minted running mate said today on a campaign stop in las vegas. >> the president has given us deficits every time. more borrowing, spending, more taxing, more regulating and if he's re-elected, it will be more of the same. we are not going to let that happen. >> the question is, is the romney-ryan ticket the...
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Nov 15, 2012
11/12
by
WUSA
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cliff. that's the package of tax increase and spending cuts scheduled to take effect in january. that's january 1st if he and congress don't reach an agreement. on wednesday the president met with business leaders to talk about the economy. meanwhile stocks have fallen steadily since mr. obama won re-election. the dow lost 185 points on wednesday. it's down 430 points since election day. nancy cordes reports on the looming high budget battle. >> step number one we can take in the next couple of weeks provide certainty to middle class families, 98% of families who make less than $250,000 a year, 97% of small businesses that their taxes will not go up a single dime next year. give them that certainty right now. >> reporter: but john boehner has ball clubbed at that idea. it would take away his party's leverage in calf issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet a
cliff. that's the package of tax increase and spending cuts scheduled to take effect in january. that's january 1st if he and congress don't reach an agreement. on wednesday the president met with business leaders to talk about the economy. meanwhile stocks have fallen steadily since mr. obama won re-election. the dow lost 185 points on wednesday. it's down 430 points since election day. nancy cordes reports on the looming high budget battle. >> step number one we can take in the next...
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Nov 16, 2012
11/12
by
MSNBC
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president obama met with congressional leaders to kick off talks to avoid that fiscal cliff. it caps a week in which he's reached out to union leaders, business leaders, congressional leaders to soften the ground for a deal. the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. >> to show our seriousness we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build. >> we're prepared to put revenue on the table provided we fix the real problem. >> the real problem. you got that? mcconditional is all the tree stump on the lawn when you're trying to cut it. this afternoon the president held his fourth and final meetings with stakeholders, civic leaders and meshs of civic leaders
president obama met with congressional leaders to kick off talks to avoid that fiscal cliff. it caps a week in which he's reached out to union leaders, business leaders, congressional leaders to soften the ground for a deal. the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. >> to show our seriousness we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being...
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Dec 14, 2012
12/12
by
CSPAN
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eye 144
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the fiscal cliff and what impact it has done you, your family, your business, and your taxes. we will get to your phone calls in a moment. you can also send us an e-mail. we are also on twitter. let me go back to one. s come up time and time again. if you make $250,000 a year filing jointly, your at the lower rate. the $100 or anything above -- guest: it is just what ever you make above the $250,000. that is the marginal tax rate. the highest rate will be the 39%. host: for those individuals, what should they prepare for? guest: they could prepare to pay more, or if they have control over where they get their income, they can say pay me now rather than later. they can push it into this year to get a lower rate. again, that as soon as so many of our tax payers are wage earners, they do not have the ability to do that. the paycheck comes when the paycheck comes. you are really looking at it and saying i do not have any control over the situation. that is one of the fallout from all of the uncertainty. tax payers seeing this makes them feel like the world has gone nuts and nobody
the fiscal cliff and what impact it has done you, your family, your business, and your taxes. we will get to your phone calls in a moment. you can also send us an e-mail. we are also on twitter. let me go back to one. s come up time and time again. if you make $250,000 a year filing jointly, your at the lower rate. the $100 or anything above -- guest: it is just what ever you make above the $250,000. that is the marginal tax rate. the highest rate will be the 39%. host: for those individuals,...
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Nov 9, 2012
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cliff. flash back to the last extension of the payroll tax cut where obama essentially drew a line in the sand, said we're going to extend this payroll tax cut, house republicans blocked him. and if you remember the public furor, they collapsed in about a week. >> that was a cut. >> that pressure would be much more intense because everybody's tax rates would be going up this time. the debt ceiling isn't going to hit until some time in february or as curt said, maybe later if the government starts getting in more revenue. the idea that republicans will be able to hold out for two months i find kind of hard to believe. i think this gets resolved pretty early on in january, if it even takes that long. >> i want to talk about the affordable care act too. this was the thing, the thing, that romney was going to do, repeal obama care, and now it is, as the speaker says, law of the land. the other thing that we've all known is, once this thing starts, once it is a practical reality in americans' liv
cliff. flash back to the last extension of the payroll tax cut where obama essentially drew a line in the sand, said we're going to extend this payroll tax cut, house republicans blocked him. and if you remember the public furor, they collapsed in about a week. >> that was a cut. >> that pressure would be much more intense because everybody's tax rates would be going up this time. the debt ceiling isn't going to hit until some time in february or as curt said, maybe later if the...
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Dec 2, 2012
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if we goi over the fiscal cliff, what happens to me? >> first of all, the way you sellse your house as to do with capital gains. the value ofpi your house might fall, your income taxes go up. the entire economy, business, for example, the markets are going to look at this and worry whether the government can lead. >> i don't have any stocks. let's say i don't care about the market. what does it mean tore me, john doe. >> it means your taxes go up. payroll taxes are higher. >> do you agree with that. >> your taxes go up anyway because obama care kicks in on january 1st. there are more taxes and we'll expire the reduction on social security o taxes. that's going to happen anyway. buctt look. that's not the real issue at stake here. what we have going on with the country thanks to these politicians tearing each other apar ot or fighting as usual, ts last few days is critical. what has happened is the republicans want to step into the trap set for them by the democrats which is as the spider said to the fly, step into my parlor, on entitlem
if we goi over the fiscal cliff, what happens to me? >> first of all, the way you sellse your house as to do with capital gains. the value ofpi your house might fall, your income taxes go up. the entire economy, business, for example, the markets are going to look at this and worry whether the government can lead. >> i don't have any stocks. let's say i don't care about the market. what does it mean tore me, john doe. >> it means your taxes go up. payroll taxes are higher....
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Nov 25, 2012
11/12
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should we fall off this fiscal cliff how would it effect the small businesses in this country? >> well, i think right now, ar they will. that's t -- arthel that's the big question. most have no idea what they are facing. if all of the bush tax cuts do expire as they are slated to do then small business owners would be looking at massive tax hikes across the boards. right now they are filling out their budgets for the following year doing something congress has not been able to do in years. but they are filling out their budget. if they think they are facing a huge tax hike, what they are going to do is they are not going to hire people. they are going to lay people off. we have this other new aspect to all of it which is they are going to triple worker's hours so they can avoid the new obama care tax that is slated to kick in. >> tell me this because we do talk about the small businesses. we want them to be alive and vibrant. what percentage of small businesses would be effected if the tax rates did increase? >> well, based on what president obama has said so far, he would not
should we fall off this fiscal cliff how would it effect the small businesses in this country? >> well, i think right now, ar they will. that's t -- arthel that's the big question. most have no idea what they are facing. if all of the bush tax cuts do expire as they are slated to do then small business owners would be looking at massive tax hikes across the boards. right now they are filling out their budgets for the following year doing something congress has not been able to do in...
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Nov 29, 2012
11/12
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. >> the president had a busy fiscal cliff day, also met privately with the ceo ofs of home depot, coca-cola and yahoo!. not to be out done on this pr front, house republicans made it public, hosting a group of nervous business leaders. they've signed on to a campaign called fix the debt. they want big spending cuts to supplement the coming tax hikes. >> i'm hopeful but i wouldn't put me anywhere near the optimistic category. we have a long way to go and a few days to get it done. >> don't forget that's erskine bowels. republicans are trying to put pressure on democrats even as democrats enjoy the moment on taxes. here is where republicans are on entitlements. >> there's been no serious discussion by the white house on entitlements, on medicare and medicaid. this has to be a part of this agreement or else we just continue to dig the hole deep i. >> republicans are very frustrated that what's taking up oxygen right now is the issue of taxes. in fact, yesterday that's what happened. the first major public break inside the republican controlled house, oklahoma congressman tom cole who endorsed
. >> the president had a busy fiscal cliff day, also met privately with the ceo ofs of home depot, coca-cola and yahoo!. not to be out done on this pr front, house republicans made it public, hosting a group of nervous business leaders. they've signed on to a campaign called fix the debt. they want big spending cuts to supplement the coming tax hikes. >> i'm hopeful but i wouldn't put me anywhere near the optimistic category. we have a long way to go and a few days to get it done....
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Nov 30, 2012
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> good morning. i'm mika brzezinski along here with joe scarborough, and this is "way too early." it's just "way too
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> good morning. i'm mika brzezinski along here with joe scarborough, and this is "way too early." it's just "way too
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Aug 9, 2012
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the fiscal cliff. >> businesses are saying they're not doing anything until they get some clarity. >> we're moving into september, they're not doing anything for the west of the year anyway. they can say they're not doing anything, but they're budget is spent. in the lame duck session, there is a lot of work done that sets the teenage in the next congress, irrespective of who the president is. from what i hear, it's not something people are thinking about in washington. >> i hope ron is right and we see something in the lame duc congress. >> you're saying the lame duck congress, when? this year? >> of course, they come back, they will have to do something. they already passed a sixth month budget that gets us through march of next year, they have to do some things to stall that. if the republicans take the house, keep the senate, irrespective of what happens in the senate, it will be fiscal rectatude. >> up next, they supported his election four years ago but wall street and corporate america may be closing the wallet on president obama. >> they are spending more time raising money t
the fiscal cliff. >> businesses are saying they're not doing anything until they get some clarity. >> we're moving into september, they're not doing anything for the west of the year anyway. they can say they're not doing anything, but they're budget is spent. in the lame duck session, there is a lot of work done that sets the teenage in the next congress, irrespective of who the president is. from what i hear, it's not something people are thinking about in washington. >> i...
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Nov 12, 2012
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. >>> efforts to aavert the fiscal cliff move into high gear this week. congress returns tomorrow, and president obama will meet with labor and progressive leaders. the president will host leaders of the business community on wednesday to try and enlist support before hosting congressional leaders from both parties on friday at the white house. in the meantime, more republicans are sounding open to compromise. >> i think there is a deal. look, the ying and yang of this is we know there has to be revenues, and i haven't met a wealthy republican or democrat in tennessee that's not willing to contribute more as long as they know we've solved the problems. >> joining me now is washington correspondent -- >> a little bitz on millionaires. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below 250,000. >> now joining me is ayman javers. you have two comments. top conservatives saying they don't know any rich republican who wouldn't be willing to put more money on the table. i have to ask you about the president's strategy
. >>> efforts to aavert the fiscal cliff move into high gear this week. congress returns tomorrow, and president obama will meet with labor and progressive leaders. the president will host leaders of the business community on wednesday to try and enlist support before hosting congressional leaders from both parties on friday at the white house. in the meantime, more republicans are sounding open to compromise. >> i think there is a deal. look, the ying and yang of this is we know...
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Aug 6, 2012
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fiscal cliff. massive tax increases and spending cuts at the same time. which is, of course, recipe for recession. chris edwards says this is hurting the economy and businesses right now. cn the economic impact stoetly overrated. joe, you say this is an overblown situation. explain. >> well, maria, we have been talking about this, many have, since march. it has been out there in the marketplace for a while. if you look at capital spending, it has been growing at 6% annualized rate in the first half of the year. job growth has been averaging about 150,000 a month. same pace that it was last year. it is not a great economic environment but it is one we keep trending along and many in the market realize that ultimately this cliff will be del aid and pushed out and somehow reconciled in some way. >> you think it will be reconciled in some way. that's what we were talking about last summer. with the debt ceiling debate. and for -- month and a half or two months, americans just waited to see what would h
fiscal cliff. massive tax increases and spending cuts at the same time. which is, of course, recipe for recession. chris edwards says this is hurting the economy and businesses right now. cn the economic impact stoetly overrated. joe, you say this is an overblown situation. explain. >> well, maria, we have been talking about this, many have, since march. it has been out there in the marketplace for a while. if you look at capital spending, it has been growing at 6% annualized rate in the...
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. >> with the fiscal cliff looming the future of many small businesses is up in the air. randall pinkston heads up the cost of uncertainty for one owner. >> a therapy already used with adults shows promise in treating children with advanced leukemia. this young girl shares her experience. >> and holiday return. >> it's my pleasure to return this to you. >> jeff: tony guida watches as a famous hotel welcomes back long missing items, no questions asked. >> this is the captioning sponsored by cbs this is the "cbs evening news." >> good evening, everyone, i'm jeff glor. syrian rebels tonight are ramping up their adult-- assault on damascus and a legalo the country's largest city. the u.n. peace envoy met with u.n. and russian diplomats trying to broker a cease-fire. at the same time there is growing concern tonight over al qaeda's influence in the rebel ranks. david martin is at the pentagon. >> reporter: video said to show the aftermath of a syrian air strike provides graphic evidence of a life-and-death battle which high level diplomats say is bad and getting worse. despite
. >> with the fiscal cliff looming the future of many small businesses is up in the air. randall pinkston heads up the cost of uncertainty for one owner. >> a therapy already used with adults shows promise in treating children with advanced leukemia. this young girl shares her experience. >> and holiday return. >> it's my pleasure to return this to you. >> jeff: tony guida watches as a famous hotel welcomes back long missing items, no questions asked. >> this...
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again. >> the market is responding to the pending fiscal cliff. >> business has stopped investing. business has stopped spending. business has stopped hiring. >> nobody knows what's going to happen. there's outlandish guesses on both sides. >> it wouldn't surprise me if we go past january 1. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. >> another two million people will lose their job. unemployment will go to over 9%. why would we do that? >> president obama is meeting with high-profile chief executive officers today. >> we don't legislate, but we know a lot about what the consequences are of the failure to reach an agreement. >> we're just here to support doing the right thing. putting america back to work. >> we've got to make sure that taxes don't go up on middle-class families. our economy remains strong. that we're creating jobs. >> the time for the president and democrats to get serious about the spending problem that our country has. >> is the administration prepared to go over the fiscal cliff? >> a
again. >> the market is responding to the pending fiscal cliff. >> business has stopped investing. business has stopped spending. business has stopped hiring. >> nobody knows what's going to happen. there's outlandish guesses on both sides. >> it wouldn't surprise me if we go past january 1. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. >> another two million people will lose their...
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and you were talking about this with senator mcconnell, we have to nail down the fiscal cliff and it is makeing the business people nervous and why they are not taking the step to hire. >> are you feeling the same? >> well, in the '60s and the '70s we took series policy steps that led us with chronic inflation, and then we changed directions and i agree with mark that we are doing better. you don't round up the regular cast of characters like casablanca, and you cannot have the fed push the economy much and we have seen the temporary targeted policies in the last couple of years and it is time that we haven't done, serious tax reform and serious entitlement reform, and this is how we are going to do the business and live your lives and do your thing. >> dana bash, with your years on capitol hill, what is the percentage of this? >> zero. between now and november, it is not. >> i'm talking about the fiscal cliff before the election. >> correct. and listening to you all talk, my wheels are turning how easy it would be for congress the give some confidence to employers to give some confi
and you were talking about this with senator mcconnell, we have to nail down the fiscal cliff and it is makeing the business people nervous and why they are not taking the step to hire. >> are you feeling the same? >> well, in the '60s and the '70s we took series policy steps that led us with chronic inflation, and then we changed directions and i agree with mark that we are doing better. you don't round up the regular cast of characters like casablanca, and you cannot have the fed...
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Nov 21, 2012
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if we're going to be serious about making sure we don't fall off the fiscal cliff, we're going to have to really look at our tax code from scratch. and i said the million dollars because so many businesses out there want to keep that money invested in their companies. so that's why i have the line at $1 million. but if we're going to be serious, first thing i said is sit down with a republican and find that compromise to ensure that we move the country forward. >> but the president wants to extend the bush tax cuts and the tax rate for the lower 98% income earners. you would be against that? >> i don't want to raise taxes on the middle class, but i'm more conservative than the president. so that's where i stand. i'm not saying i wouldn't compromise because there's a bigger picture at hand here. that's where i drew the line, but we have to do what's best for all americans. >> congressman patrick murphy, congratulations. there's a lot of people that are happy. good win. thank you. >>> there's a lot more coming up in the next half hour of "the ed show." stay with us. >>> these kinds of te
if we're going to be serious about making sure we don't fall off the fiscal cliff, we're going to have to really look at our tax code from scratch. and i said the million dollars because so many businesses out there want to keep that money invested in their companies. so that's why i have the line at $1 million. but if we're going to be serious, first thing i said is sit down with a republican and find that compromise to ensure that we move the country forward. >> but the president wants...
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Dec 21, 2012
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. >>> now to business where the fiscal cliff negotiations, of course, weighing on the global markets. stock futures took a big hit after house speaker john boehner failed to rally the republicans around his so-called plan b. earlier yesterday markets actually rallied led by bank of america and jpmorgan. for more on what to expect from wall street today, my good friend, cnbc's ross westgate. happy holidays, sir. >> hey, brian. happy holidays. good to see you before christmas, brian. yeah, we closed high yesterday, but with the events that you've talked about, republicans in the end not holding that vote because john boehner couldn't muster enough votes to raise taxes on people earning over $1 million. futures took a bit of a dive. and right now, we're calling markets down here, the s&p down twre 20 points. there's concern now that boehner can't secure enough votes in the republicans to support whatever plan may come from the other side of the aisle. and there's been a lot of complacency going in for investors. they will eventually get a deal done. european markets are now down at the s
. >>> now to business where the fiscal cliff negotiations, of course, weighing on the global markets. stock futures took a big hit after house speaker john boehner failed to rally the republicans around his so-called plan b. earlier yesterday markets actually rallied led by bank of america and jpmorgan. for more on what to expect from wall street today, my good friend, cnbc's ross westgate. happy holidays, sir. >> hey, brian. happy holidays. good to see you before christmas,...
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Oct 26, 2012
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ashley: if they have a boom they get this fiscal cliff, businesses are not hiring, all the uncertainty, a huge spike in hiring. gerri: there will be a better chance of negotiating a fiscal cliff if mitt romney wins, doesn't look like the house is going anywhere. you could see a big turnaround -- >> if you kick the can down the road until next year, why do anything? i will wait yet again. it could help the economy for a long time. gerri: you keep seeing consumers trying to spend more and desperate to spend more if they have good news to depend on. we have to wait and see and goodness knows can the election be halted for the weather? i am beginning to wonder. we have a big storm coming. ashley: we have to see how bad this storm is. what do you have coming up? gerri: i am going to be talking about the numbers we have been looking at, gdp, showing what the problem is with that number and are we cheating at the margins when we talk about these numbers? is like alice in wonderland and nothing is as it seems to. i keep being cajoled by the government that everything is wonderful and getting b
ashley: if they have a boom they get this fiscal cliff, businesses are not hiring, all the uncertainty, a huge spike in hiring. gerri: there will be a better chance of negotiating a fiscal cliff if mitt romney wins, doesn't look like the house is going anywhere. you could see a big turnaround -- >> if you kick the can down the road until next year, why do anything? i will wait yet again. it could help the economy for a long time. gerri: you keep seeing consumers trying to spend more and...